CombineNet Receives Majority Investment

CombineNet, Inc., a Pittsburgh, PA-based provider of advanced sourcing and optimization technologies, has received a majority investment from private equity firm Alta Communications and existing shareholders.

The company will use the proceeds from the financing to continue to develop and innovate its sourcing solutions.

Commenting on the investment, Rich Wilson, President and COO at CombineNet, said: “With new funding from Alta Communications and some of our previous investors, we will be able to ramp up our operations and continue on a more aggressive path to deliver innovative solutions that help companies identify, execute, and achieve greater financial and operational results from their sourcing and supply chain organizations”.